The RMR Group (NASDAQ:RMR) Stock Price Up 0.2%

The RMR Group Inc. (NASDAQ:RMR) rose 0.2% on Friday . The company traded as high as $24.75 and last traded at $24.23. Approximately 25,067 shares changed hands during trading, a decline of 72% from the average daily volume of 90,168 shares. The stock had previously closed at $24.17.

Wall Street Analyst Weigh In

RMR has been the topic of a number of recent research reports. JMP Securities initiated coverage on The RMR Group in a research note on Friday, April 19th. They set a “market perform” rating on the stock. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

The RMR Group Stock Up 0.3 %

The company has a market cap of $768.65 million, a PE ratio of 7.01 and a beta of 1.29. The stock has a 50-day simple moving average of $23.57 and a 200 day simple moving average of $24.64.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. As a group, research analysts anticipate that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.45 per share. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.80 annualized dividend and a yield of 7.43%. The RMR Group’s dividend payout ratio is 52.02%.

Institutional Investors Weigh In On The RMR Group

Several large investors have recently bought and sold shares of RMR. International Assets Investment Management LLC increased its holdings in The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 899 shares during the period. Asset Management One Co. Ltd. acquired a new position in The RMR Group during the third quarter worth about $56,000. Meeder Asset Management Inc. acquired a new stake in shares of The RMR Group during the 4th quarter valued at approximately $62,000. Tower Research Capital LLC TRC raised its position in shares of The RMR Group by 92.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in The RMR Group by 912.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 3,303 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.